Active kredit portfolio of non-bank credit organizations, LLC "Naxcivan Kredit" in January-April this year was reduced to $ 4.11 million, or 33% to $ 8.37 million
The assets of the company for the period decreased by $ 4.07 million, or 33.8%, to $ 7.95 million. Total number of customers decreased by 37.6% to 5.39 million persons.
The share of problem credits in the portfolios of the society from the beginning of the year remained unchanged and amounted to 0.03%. Among the 48% of borrowers are women (no change with respect to the beginning of the year.)
Over the period of the activity in the financial market, the "Naxcivan Kredit" Ltd. issued loans totaling $ 42.27 million.
The company operates in the territory of Nakhchivan Autonomous Republic. Loans are granted for a period from nine to 18 months, with the amount in the range of $500 - $5000. The interest rate on loans is up to 30% per annum. --15B--
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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